Junior Credit Analyst
Summary
Junior Credit Analyst reviews loan applications and financial data to assess creditworthiness and recommend approvals or denials for a community bank in Seattle.
Who We Are
Seattle Bank is a locally owned, digitally driven financial institution that provides personal, business and partner banking services. Our experienced team and open API, cloud-based core technology platform, deliver a boutique bank experience for clients with interwoven personal and business financial needs. Our highly configurable and scalable tech stack also supports partner banking that enables companies to embed banking transactions into their customer online experience. Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company, and the creator of CD Valet, a digital marketplace for Certificates of Deposit.
Position Summary
The Junior Credit Analyst is responsible for assisting the Bank’s Relationship Managers and Portfolio Managers with accurate analysis and underwriting of new loan requests and renewals, and with overall portfolio management. In addition, the position provides administrative support to the Credit Administration department by preparing detailed reports, assisting with system management, and performing special projects as needed.
This position is located in our downtown Seattle office and requires full-time, in-person work.
Essential Duties
- Spread and analyze business and personal financial statements and tax returns for borrowers and guarantors.
- Prepare loan approval memorandums for new relationships, renewals, and annual reviews with oversight from Relationship Managers, Portfolio Managers and Credit Administration.
- Monitor periodic loan and financial covenants to determine compliance, and notify appropriate parties if non-compliance occurs.
- Work in concert with Portfolio Managers to organize and manage a tickler system for all loan relationships.
- Prepare weekly, monthly, quarterly and annual reports for lending and credit staff, other bank departments, executive management, the board of directors, internal and external auditors, state and federal regulators, examiners, and other parties as required.
- Assist the Credit Administrator to monitor and maintain the bank’s real estate appraisal management system.
- Review core loan system reports and notify Credit Administrator of essential activity.
- Research economic and financial trends as applicable to the bank’s loan portfolio.
- Assist with special projects as assigned.
- Physically attending work on a set and predictable schedule is an essential function of this job.